Key Objective
Initial public offer of 13,768,049# equity shares of face value of Rs. 10 each ("Equity Shares") of Jana Small Finance Bank Limited ("Bank" or "Issuer") for cash at a price of Rs. 414 per equity share (including a share premium of Rs. 404 per equity share) aggregating to Rs. 570.00# crores ("Offer") comprising of a fresh issue of 11,159,420# equity shares aggregating to Rs. 462.00#* crores (the "Fresh Issue") and an offer for sale of 2,608,629# equity shares aggregating to Rs. 108# crores (the "Offer for Sale"), comprising 906,277# equity shares aggregating to Rs. 37.52# crores by Client Rosehill Limited, 929,656# equity shares aggregating to
Rs. 38.49# crores by cvcigp ii employee rosehill limited, 141,285# equity shares aggregating to Rs. 5.85# crores by global impact funds, s.c.a., sicar, sub-fund global financial inclusion fund, 413# equity shares aggregating to Rs. 0.02# crores by growth partnership ii Ajay Tandon co-investment trust, and 998# equity shares aggregating to Rs. 0.04# crores by growth partnership ii Siva Shankar co-investment trust, and 630,000# equity shares aggregating to Rs. 26.08# crores by Hero Enterprise Partner Ventures (the "Selling Shareholders" and such equity shares the "Offered Shares").
The offer included a reservation of 326,086# equity shares, aggregating to
Rs. 13.50# crores (constituting 0.31% of the post-offer paid-up equity share capital), for subscription by eligible employees ("Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer constitute 13.16% and 12.85%, respectively, of the post-offer paid-up equity share capital of he bank. *The bank, in consultation with the brlms, undertook a private placement of (i) 12,154,044 ccps (which were subsequently converted into 401,149 equity shares) at an issue price of Rs. 10 each aggregating to Rs. 12.15 crores ("pre-ipo ccps placement"); and (ii) 2,439,607 equity shares at an issue price of Rs. 414 each (including a premium of Rs. 404 per equity share) aggregating to Rs. 101 crores ("pre-ipo equity placement", and together with pre-ipo ccps placement, the "pre-ipo placement"). The size of the fresh issue has been adjusted to Rs. 462.00 crores. The bank had intimated the subscribers to the pre-ipo placement that the bank is contemplating the offer and that there is no guarantee that the bank may proceed with the offer, or that the offer may be successful and will result into listing of the equity shares on the stock exchanges, and the investment is being done solely at their own risk.
#Subject to finalisation of basis of allotment
The face value of equity shares is Rs. 10 each. The offer price is 41.40 times the face value of the equity shares.